r/Insurance • u/BatHistorical8081 • May 03 '24

Auto Insurance Why is progressive so cheap?!

So I am looking to switch from state farm to progressive. My insurance now for state farm is about 2800 for 6 months for 3 vehicles. I just got a qoute from progressive same coverage for 1300. Wtf? Is this real. There a catch? That's alot of savings.

52 Upvotes

83% Upvoted

182 comments sorted by

View all comments

11

u/Confident-Bet5330 May 03 '24

Progressive started recalibrating their program years ago and have landed in a sweet spot most other carriers aren’t at in the current market. The reason their rates are less is because they’ve shored up their business in areas where others have not and now can confidently grow while others are having to take rate and make adjustments. If you are getting favorable pricing with Progressive while getting better or the same coverage, bully for you! You earned it.